The Essential

Stan Druckenmiller Overhauls His Family Office’s U.S. Stock Portfolio

The legendary macro trader established 29 new stakes and liquidated 33 in the third quarter.

Growth of Endowments and Foundations Set to Outpace Corporate DB Plans by 2026

While strong investment performance is lifting the nonprofit channels, Cerulli told attendees at the IWI Forum that concerns over “not meeting return targets” is “impacting investment decision making.”

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Fiduciary Trust International Appoints New CEO

Adam Spector was formerly a senior executive at parent company Franklin Templeton.

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